German engineering giant powering automation and mobility
S&P Global’s manufacturing PMI for Britain has fallen from the flash reading but remains above 50, signaling expansion in July. Output growth is the strongest since September 2024, while input costs have cooled. The data covers July 9-28 and follows a US-Iran truce breakdown and a Yemeni naval blockade that pushed oil above $100.
The White House has authorised a program that will allow vetted U.S. private companies to carry out government-directed cyber surveillance and disruptive operations against overseas transnational criminal organisations. The memorandum has required Justice and Homeland Security oversight, a $1m escrow for participating firms, and a 60-day deadline for agencies to set participation rules.
The UK government has confirmed that Iranian-linked hackers targeted a small-scale energy generator last month. The incident did not threaten the wider energy system, and authorities have issued guidance to power firms while expanding cyber resilience plans, including an AI-powered shield for critical infrastructure.
Germany is accelerating its adoption of artificial intelligence in manufacturing and industry, with Nvidia investments and German startup backing spanning robotics, healthcare, satellites and manufacturing software. Leaders say AI will augment, not replace, existing capability, and data/ manufacturing know-how are Germany’s natural resources to leverage.